GE Power India Gets Rs348 Crore Order for Steam Turbine Upgrade from NTPC GE Power Services
GE Power India has secured a ₹348 crore contract from NTPC GE Power Services for upgrading steam turbines at Vindhyachal TPS, enhancing efficiency and extending turbine life.
by Damodharan N
Updated Jul 23, 2024
Table of Content
GE Power India Limited (GEPIL) has received a significant contract from NTPC GE Power Services Private Limited (NGSL) for the renovation and modernization of steam turbines at NTPC’s Vindhyachal TPS Unit No. 1 - 3 (3x210 MW). The contract, valued at approximately ₹348 crores, aims to enhance the efficiency and extend the life of the steam turbines.
This domestic order involves the heat rate improvement and life extension of the steam turbines, with a project timeline of 44 months. The contract falls under related party transactions, as NGSL, a joint venture with GE Power India, will oversee critical supplies including design, engineering, testing, and commissioning of the system.
GEPIL will execute the project at arm’s length, This award underscores GEPIL’s ongoing commitment to supporting energy efficiency and modernization efforts in the power sector.
Source: Here
GE Power
GE Power India Limited is a major player in the energy sector, specializing in engineering, manufacturing, project management, and supplying solutions for power generation and transmission. The company, originally incorporated as Asea Brown Boveri Management Limited in 1992, operates power plants and equipment across India.
With engineering centers in Noida and Kolkata and a manufacturing unit in Durgapur, GE Power India is listed on the BSE and NSE.
NTPC GE Power Services
NTPC GE Power Services Pvt. Ltd. (NGSL), a 50:50 joint venture between NTPC Limited and GE Power Systems GmbH, specializes in providing energy-efficient retrofit solutions for coal-based thermal power stations in India.
Established in 1999, NGSL offers a range of services including emission reduction, capacity upgrades, efficiency enhancements, and component retrofits. Committed to environmental and safety standards, the company aims to deliver advanced, cost-effective engineering solutions and maintain a safe working environment for its employees.
GE Power India Gets Rs348 Crore Order for Steam Turbine Upgrade from NTPC - FAQs
1. What is the value of the contract awarded to GE Power India?
The contract is valued at approximately ₹348 crores.
2. What is the scope of the contract?
The contract involves the renovation and modernization of steam turbines at NTPC’s Vindhyachal TPS Unit No. 1 - 3.
3. What is the project timeline for this contract?
The project is expected to be completed within 44 months.
4. Which company is awarding this contract?
The contract is awarded by NTPC GE Power Services Private Limited (NGSL).
5. What specific improvements are covered under this contract?
The contract focuses on heat rate improvement and life extension of the steam turbines.
6. Is NGSL a related party to GE Power India?
Yes, NGSL is a joint venture with GE Power India, making it a related party.
7. What role will NGSL play in the execution of this contract?
NGSL will oversee critical supplies, including design, engineering, testing, and commissioning of the system.
8. Will the project be executed at arm’s length?
Yes, the project will be executed at arm’s length despite the related party relationship.
9. What are the main objectives of the renovation and modernization work?
The main objectives are to enhance the efficiency and extend the life of the steam turbines.
10. What are the key services offered by NTPC GE Power Services?
NGSL offers emission reduction, capacity upgrades, efficiency enhancements, and component retrofits for coal-based thermal power stations.